GATA: China Gold Chief Confirms Gold Price Suppression by U.S. MUX, TNR.v, GLD, GDX, SLV

GATA provides one more piece to our puzzle with Gold manipulation picture in place.

Bill Murphy: JPMorgan Silver And Gold Scandal Will Be Exposed GLD, MUX, TNR.v, GDX

 "We continue our research on Gold and Silver manipulations and this year has already provided us with a lot of revelations on this topic. So far China has benefited the most buying record amount of Gold at the artificially suppressed price levels."

Gold Catalyst: Dollar survival behind US-China tensions GLD, MUX, TNR.v, GDX

 "There are no bears left in the equity markets and no bulls are left in Gold. Bitcoin is rising to the sky and FED has found the youth portion secret: the more you print the better it gets.  Only question is left why China, India, Turkey and Thailand are buying record amount of Gold this year? Now we have the answer and it is spelled out by Press TV this time.  Please keep in mind that it is Iran network, but it is exactly the most important part of this message - who is now talking about it."

GATA:

China gold chief confirms gold price suppression by U.S.

Submitted by cpowell on Thu, 2014-01-02 15:14. Section: Documentation

10:14a ET Thursday, January 2, 2014

Dear Friend of GATA and Gold:

Gold price suppression is U.S. government policy to maintain the dominance of the U.S. dollar in the ongoing international currency war, the president of China's gold mining association, Sun Zhaoxue, told a financial conference in Shanghai last June.

Sun's remarks were disclosed today by gold researcher and GATA consultant Koos Jansen, who obtained them from a rough transcription provided by the SINA Financial news service.

Jansen prefaces Sun's remarks with some incisive observations of his own about whether there is manipulation of the gold market and, if so, who is responsible for it. Jansen describes himself as a believer in "conspiracy facts," since, he writes, when money and power are at stake, people conspire.

While gold price suppression can hardly be addressed by mainstream financial news organizations in the West, for years it has been a fairly common topic in the government-controlled news media in China, and Chinese news reports about gold price suppression by the United States have even been cabled back to the U.S. State Department in Washington by the U.S. embassy in Beijing:

http://www.gata.org/node/10380

http://www.gata.org/node/10416

http://www.gata.org/node/12917

That would make the West's mainstream financial news media seem even more government-controlled than China's.

Jansen's commentary and account of Sun's speech are posted at Jansen's Internet site, In Gold We Trust, here:

http://www.ingoldwetrust.ch/sun-zhaoxue-us-intends-to-suppress-gold-to-e...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc."

Western Central Banks Suppressing Price of Gold As China Preparing for the Demise of the Dollar GLD, MUX, TNR.v, GDX

About Our Guests:

BILL MURPHY: Chairman and Director of the Gold Anti-Trust Action Committee (http://GATA.org). Murphy grew up in Glen Ridge, N.J., and graduated from the School of Hotel Administration at Cornell University in 1968. In his senior year he broke all the Ivy League single-year pass-receiving records. He then became a starting wide receiver for the Boston Patriots of the American Football League. He went on to work for various Wall Street brokerage firms and specialized in commodity futures. He began as a Merrill Lynch trainee and went on to Shearson Hayden Stone and Drexel Burnham. From there he became affiliated with introducing brokers and eventually started his own brokerage on 5th Avenue in New York. He now operates an Internet site for financial commentary, http://LeMetropoleCafe.com.

ALASDAIR MACLEOD: Head of Research at GoldMoney (http://GoldMoney.com).
Macleod first became a stockbroker in 1970 and a Member of the London Stock Exchange in 1974. His experience encompasses equity and bond markets, fund management, corporate finance and investment strategy. After 27 years in the City he moved to Guernsey, where he advised a variety of offshore institutions as a consultant, becoming an executive director for an offshore bank in Guernsey and Jersey. For most of his 40 years in the finance industry, Macleod has been de-mystifying macro-economic events for his investing clients. The accumulation of this experience has convinced him that unsound monetary policies are the most destructive weapon governments use against the common man. Accordingly, his mission is to educate and inform the public in layman's terms what governments do with money and how to protect themselves from the consequences. Macleod can be found online at: http://FinanceAndEconomics.org

 We continue to investigate the recent manipulations in Gold market and building piece by piece our big picture with the ongoing groundbreaking geopolitical  processes. Bill Murthy from GATA and Alasdar Macleod are sharing their deep knowledge of the Gold market and industry with us today.

Eric Sprott's Open Letter To The World Gold Council GLD, MUX, TNR.v, GDX

  ZeroHedge has published Eric Sprott's open letter to The World Gold Council. Coupled with his recent interview we can see the much stronger demand, particularly, from China for Gold.

September Nonfarm Payrolls Huge Miss - Gold Spikes Up, Data Leaked Again GLD, MUX, TNR.v, GDX

"We have September Nonfarm Payrolls with the Huge Miss and Gold Spikes Up immediately. Data was leaked yearly again with Gold printing:

+$5 at 8.28 and 

+$18 at 8.33

  

  "Cowboys" shorting the Gold market, according to Eric Sprott, must be in a serious trouble now. The yearly trade on October 15th has amounted to 640 million and Gold was Sold at 1270 - 1250 levels. Now with CFTC out of hibernation can we expect at least some kind of investigation?

  There are more and more calls about the US Dollar loosing its Reserve Currency of Choice status now. Default was avoided, but the damage is done.
  All FIAT currencies are based on trust. The geopolitical shift is making its way to mass media and we are witnessing the groundbreaking developments in the Gold market. Nobody can manipulate it all the time and China will be busy writing "Thank You Cards" to the FED and related Cartel members at LBMA and BIS, buying all the physical Gold available for Delivery at this levels.

  We can forget about the Taper until mid 2014 now and Janet Yellen will be following the new FED's playbook written by Michael Woodford. Peter Schiff has dissected for us this situation very well."

GATA: China publicized Western gold market rigging just hours after April smash

  

  

  We continue to put our puzzle together on Gold market manipulations and The Wealth Transfer of the century organised by the Central Banks. GATA has reported this week very important information confirming our previous discussions and showing why China is accumulating all the Gold they can get now.

Rothschild Conspiracy International Banking Cartel and The Federal Reserve

"These days Cartel is feeling the heat at least in the Gold market, but will we ever have the real choice and free markets -  you will decide. We will provide as much information as we can that you will not be left behind during the Great Wealth Transfer of this century and will understand the place for Gold in this ultimate Ponzi scheme run by the  Central Banks."

Silver & Gold - Hidden Secrets Of Money - Seven Stages Of Empire

What Is Our Money And Why China Plans To Move To A Gold Backed Yuan Currency.

"We have more and more news coming out about the tectonic shift in geopolitical landscape and ongoing Currency Wars. China learns very fast, even if Maestro Greenspan has already forgotten the ancient wisdom. Further education will help to understand our flawed monetary system and the value of gold for the investors even if Bernanke, who is busy destroying the US Dollar with the FED "does not have any clue about it."

Gold Manipulations: GATA's Chris Powell on Suspicious Activity at the BoE & JP Morgan's Commodity Exit

"The story about "Missing 1300 Tonnes of Gold from BOE" is making its way to the mass media.  Situation for LBMA participants is getting from bad to plain desperate according to the findings by Alasdair Macleod and ZeroHedge."

GATA:

China publicized Western gold market rigging just hours after April smash

Submitted by cpowell on Thu, 2013-08-15 01:39. Section: Documentation

9:55p ET Wednesday, August 14, 2013

Dear Friend of GATA and Gold:

On April 16, just hours after the smashing of the gold price by the dumping of so much gold and gold futures that it could have been instigated only by Western central banks, the Chinese government news agency China Network Television appears to have published a long commentary reasserting China's awareness of the constant efforts of Western central banks to rig the gold market by leasing gold.

Diplomatic cables from the U.S. embassy in Beijing to the State Department in Washington, published by Wikileaks in 2011, extensively quoted Chinese government press reports from 2008 and 2010 about Western central bank efforts to suppress the price of gold to support the U.S. dollar:

http://www.gata.org/node/10380

http://www.gata.org/node/10416

What seems to be the new Chinese government press commentary, posted this week by the blogger Koos Jansen at his Internet site, also notes the difficulty of the German Bundesbank in retrieving the gold it has vaulted at the Federal Reserve Bank of New York. An Internet translation of the Chinese commentary that has been posted by Jansen is, predictably enough, largely incoherent, Chinese requiring a lot more massaging into English than computer programs can yet do well, but the translation is enough to show that China is scrutinizing the gold market, is familiar with the latest developments and details, and long has known exactly what is going on.

Indeed, it may be suspected that China actually cooperated with the Western central banks' smashing of the gold price in April on the understanding that China then could join in the purchase of sharply discounted gold unloaded by panicked Western investors. The Chinese government also may have chosen April 16 to publicize Western gold price suppression to a domestic audience so that its own people would not be panicked out oftheir own gold. Of course the Chinese were panicked only into besieging gold shops to get still more metal.

Russia's central bank, the Bank of Russia, signified its awareness of gold price suppression by Western central banks via a speech by its deputy chairman, Oleg V. Mozhaiskov, to a conference held by the London Bullion Market Association in Moscow in June 2004. Mozhaiskov credited GATA by name, "Gold Anti-Trust Action Committee" being the only words he spoke in English during his presentation to the LBMA. It was as if he was telling the London bullion bankers that Russia was now on to them:

http://www.gata.org/node/4235

The big question seems to be whether and when Eastern central banks will pull the plug on the Western central bank gold price suppression scheme. The most likely answer seems to be: When they feel that they have adequately hedged their U.S. dollar-denominated foreign exchange reserves and have acquired the last gold ounce they can acquire without exploding the gold market so much that even mainstream financial news organizations in the West have to take notice.

The China Network Television report, dated April 16, as jumbled by the Internet translator, is posted at Koos Jansen's Internet site here:

http://koosjansen.blogspot.nl/2013/08/chinese-state-press-on-how-fed-has...

CHRIS POWELL, Secretary/Treasurer

Gold Anti-Trust Action Committee Inc."

Gold Manipulations: GATA's Chris Powell on Suspicious Activity at the BoE & JP Morgan's Commodity Exit

  The story about "Missing 1300 Tonnes of Gold from BOE" is making its way to the mass media.  Situation for LBMA participants is getting from bad to plain desperate according to the findings by Alasdair Macleod and ZeroHedge.

ZeroHedge: "Hello Scotia Mocatta, This Is JPMorgan - We Urgently Need Some Of Your Gold"

The Great Gold Game of Musical Chairs has begun, ZeroHedge reports on dramatic gold shortages unveiling behind the scenes. We are putting all these pieces of the puzzle together here and the picture is becoming more and more clear - Mother of Shorts Squeeze is coming to the Gold market.

Alasdair Macleod: Bullion Banks Still Stuck With Massive Short Gold Position on LBMA.

Alasdair Macleod: "1300 tonnes of gold missing from the Bank of England?" GATA seeks answers.

"Alasdair Macleod talks with Max Keiser from 13.00 about Gold market, GOFO and questions whether "1300 tonnes of gold missing from the Bank of England?" If it is true, this gold was used to suppress the Gold price during the recent Special OP: Gold Wash Out. The record low COMEX Gold is indicating the Bear Squeeze in Gold coming to the market."

Alasdair Macleod: "1300 tonnes of gold missing from the Bank of England?" GATA seeks answers.

  Alasdair Macleod talks with Max Keiser from 13.00 about Gold market, GOFO and questions whether "1300 tonnes of gold missing from the Bank of England?" If it is true, this gold was used to suppress the Gold price during the recent Special OP: Gold Wash Out. The record low COMEX Gold is indicating the Bear Squeeze in Gold coming to the market.

GATA's Bill Murphy On The Manipulated Gold Drop

"We have more and more evidence about the manipulation in the Gold market in order to save the day of the former reserve currency of choice - US Dollar.  Markets can not be manipulated forever - Gold's come back will surprise a lot of investors. China will be writing a lot of "Thank you" cards to the "clueless Bernanke"."

GATA:

Bank of England refuses comment on huge discrepancy in custodial gold reports

Submitted by cpowell on Tue, 2013-07-30 15:08. Section: Documentation

11:11a ET Tuesday, July 30, 2013

Dear Friend of GATA and Gold:

The Bank of England refuses to explain what appears to be a huge discrepancy in its accounting of the gold it holds in custody, a difference of as much as 1,200 tonnes between the total reported in the bank's annual report in February and the total reported in a "virtual tour" of the bank posted this month at the bank's Internet site:

http://www.bankofengland.co.uk/Pages/info/virtualtourapp.aspx

The discrepancy was noted by GoldMoney research director Alasdair Macleod last week during an interview with Max Keiser on the "Keiser Report" program on the Russia Today television network:

http://www.gata.org/node/12854

Responding to Macleod's assertions, your secretary/treasurer wrote to the bank's public information office Sunday seeking clarification about the bank's custodial gold.

A reply was quickly sent from the bank but it was unclear. So your secretary/treasurer wrote back asking for plain answers to these questions:

1) Will the bank confirm any difference in the amount of gold reported held in custody in February and the amount in custody reported by the new Internet site application?

2) Did Alasdair Macleod misconstrue anything about the Bank of England's custodial gold in his remarks on the "Keiser Report" program on Russia Today?

3) Is the bank declining to acknowledge changes in the amount of gold in its custody? If so, could you explain why?

4) Does the bank prefer to be reported to be declining to acknowledge substantial changes in the amount of gold in its custody?

A reply received today from the head of the bank's public and internal communications division, Chris Shadforth, provided affirmative answers to Questions 3 and 4:

"The number of bars mentioned in the app cannot be used to infer a change in the amount of custodial gold held by the Bank of England as the figure is deliberately non-specific," Shadforth wrote. "The bank will not be offering any further comment on this matter."

That is, the information provided to the public by the bank about its custody of gold is for entertainment purposes only and the facts of surreptitious intervention by central banks in the gold and currency markets are not to be discussed, in accordance with the findings of the secret March 1999 report of the International Monetary Fund, revealed by GATA last December, which related that central banks conceal their gold swaps and leases to facilitate secret market intervention:

http://www.gata.org/node/12016

So Macleod will stand uncontradicted and participants in the financial markets -- at least the few who pay attention -- may fairly assume that the smashing of the gold price in April well may have been related to a huge outflow of metal from the Bank of England's vault.

And once again the great asset of Western central banking in surreptitious market manipulation is shown to be the refusal of mainstream financial news organizations to put specific and critical questions to central banks and to report their refusals to answer.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc."